FYERS

S

sach007

Impatient Trader
#7,306
#7,306
Tejas Khoday said:
Update to this notice: To safeguard clients' interest if next circuit breaker hits, we will take the following steps in the event Nifty/Sensex touches -13% today:

1. Intraday trading in the Equity and Equity F&O segment will be disabled.
2. Intraday positions will be squared off.
Click to expand...
What is the logic behind intraday position square off?

Do you have a right to square off a client's position without permission of client? If there is sufficient margin?
 
timepass

timepass

Moderator
#7,307
#7,307
sach007 said:
What is the logic behind intraday position square off?

Do you have a right to square off a client's position without permission of client? If there is sufficient margin?
Click to expand...
I think it will depend on the type of order you put in. I don't think they will square off orders in NRML mode, only MIS/BO orders.
 
FYERS_Team

FYERS_Team

Active Member
#7,308
#7,308
sach007 said:
What is the logic behind intraday position square off?

Do you have a right to square off a client's position without permission of client? If there is sufficient margin?
Click to expand...
Hey,
It's as per our RMS policy, where we take calls with due diligence. This is only applicable to Intraday positions which are leveraged products.
 
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